Mergers and acquisitions
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News
GLS to acquire Rosenau Transport for $288M
GLS has agreed to acquire Rosenau Transport for $288 million in a deal that creates a freight and parcel network across Canada.
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Rail
Surface Transportation Board OKs amended CP-KCS voting trust
The board affirms its previous approval of Canadian Pacific’s voting trust application.
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Logistics
M&A activity staying hot across logistics industry
Pent-up demand is making its way to the surface in 2021; this year has seen an explosion in M&A activity due to the large amount…
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American Shipper
Canada pension fund to acquire Ports America
The Canada Pension Plan Investment Board has agreed to become the owner of the largest U.S. terminal operator, Ports America, in a deal with Oaktree…
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FW Español
Los banqueros ‘nunca habÃan visto un mercado más fuerte’ para la logÃstica de terceros (3PLs)
El mercado para la compra y venta de proveedores logÃsticos a terceros y corredores de carga está al rojo vivo, según los banqueros de inversión…
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News
Bankers have ‘never seen a stronger seller’s market’ for 3PLs
Capstone Partners explains why brokerages are so expensive.
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Rail
CN to conduct strategic review of non-rail assets
CN is seeking to generate CA$700 million in additional operating income in 2022 through cutting labor and operational costs and seeking pricing opportunities.
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Rail
KCS, CP outline growth opportunities post-merger
Expanding intermodal, grain and automotive offerings would be part of the growth strategy pursued by a merged Kansas City Southern-Canadian Pacific.
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Rail
KCS agrees to merge with CP, nixes plans with CN
Kansas City Southern returns to its old flame and opts to merge with Canadian Pacific. Rival railway CN acknowledges its merger plans have been scrapped.
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Rail
TCI pushes to add industry veterans to CN board, remove CEO
Major CN shareholder TCI Fund Management wants CN’s board to have more operational experience. The company is also still pushing for the removal of CN’s…
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